Post Utme Oau 2018 Commerce Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 31 POST_UTME_OAU • 2018 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility leads to a decrease in the marginal utility of the last unit consumed. What is the consequence of this decrease on the demand curve?

Answer Options

A. The demand curve shifts to the left.
B. The demand curve shifts to the right.
Correct Answer C. The demand curve remains unchanged.
D. The demand curve becomes steeper.
Correct Answer
C
Correct Option:
The demand curve remains unchanged.

About This Question

This is Post Utme Oau 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

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